News

Leathergoods boost LVMH sales

06/02/2009

Luxury goods retailer LVMH Moët Hennessy Louis Vuitton reported revenue of €17.2 billion in 2008, an increase of 4%. Organic revenue grew 7% for the year. In the fourth quarter, revenues were €5.2 billion, up 4%.

Fashion and leathergoods gave the company a lift, recoding 10% organic revenue growth in 2008 and profit from recurring operations was €1.9 billion. Louis Vuitton recorded double-digit organic revenue growth in 2008, accompanied by exceptional profitability.

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